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THURSDAY, FEBRUARY 12, 2015

VOL. 93 | NO. 7 | $4.25

EARNING CARBON CREDIT | P92

SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923

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WWW.PRODUCER.COM

LIVESTOCK

What’s in store for cattle prices? Analysts predict feeder prices will start to shift up as U.S. cattle producers rebuild their herds BY BARBARA DUCKWORTH CALGARY BUREAU

SAN ANTONIO, Texas — Unprecedented cattle and beef prices have put the jingle back in producers’ spurs. Prices have slumped a bit in the new year, but they are still considerably higher than at the end of 2013. “It’s an awful good market, and it is an awful good time to be in the business,” said Dennis Metzger, vicechair of the Livestock Marketing Council, which met during the National Cattlemen’s Beef Association annual convention held in San Antonio Feb. 3-7. Members of the council, which

represents auctions and order buyers, reported that yearlings have been trading for less than they were at the end of last year, and fewer heifers have been marketed. However, some may show up later on when producers decide not to keep them for breeding. “This is the first time in 20 years of the order buying business that we are all out of cattle,” said John Rose of Montana, who chairs the council. “We have never seen that. The prices were high enough and they all went to town.” SEE WHERE WILL PRICES GO, PAGE 2

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MICHELLE HOULDEN ILLUSTRATION

U.S. CATTLE MARKET EXPANDING Long awaited expansion is taking its first tentative steps in regions of the country that experienced the most serious losses over the last 10 years, say market analysts. | Page 88

Handcrafted cards with a bite Luigi Lovebird helps artist and owner Mary McQueen produce one-of-a-kind cards from shredded paper | Page 19

Handling heavy irrigation residue Lemken’s Karat 9 tiller is usually used for potato production but also handles crop residue | Page 82

The end of the pits The noise and mayhem of open trading pits are coming to an end at the CME | Page 43

u|xhHEEJBy00001pzYv+:= FEBRUARY 12, 2015 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4 The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240

NEXT WEEK: SURVEY REVEALS FARMER ATTITUDES TOWARD LAND AND MACHINERY PURCHASES


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